Iturn chage5/17/2023 ![]() The Managing Director of Ecobank Ghana, Daniel Nii Kwei-Kumah Sackey, said the private sector is committed to climate change adaptation and is funding adaptation projects. We need to open finance to SMEs and develop strategic partnerships, build the capacity of young entrepreneurs, support African brands." ![]() However, she lamented the obstacles that young entrepreneurs face to access finance: red tape, regulations, and other difficulties. Each Salubata shoe purchased contributes to the removal of over 12.66 kilograms of CO 2 from the environment, she said. Adebowale’s company produces customisable shoes from plastic waste under the brand name 'Salubata', (shoes that never wear out, in the Yoruba language). Yewande Adebowale, founder of Salubata Technological Innovations Limited, reiterated the need to invest more in the private sector to meet the challenge of climate change. President Biden has put the US on the path to a green economy, including electric vehicles, green energy, etc."Įarlier, the private sector expressed its commitment to climate adaptation. "The government is giving the right signals through regulations that favour green investments. He said the US government is encouraging the private sector to invest heavily in the green economy. "Green jobs pay 70% more than dirty jobs," Meyer said. He said the United States has been incredibly successful in creating green jobs, so this experience can be shared with African countries to support investments to create green jobs for young women and men in Africa. United States Treasury official Eric Meyer said the green economy generated $13 billion in revenue for his country and created 9.5 million full-time jobs. "More jobs for young people means more money for the public treasury," he said. He pointed out that 70% of SMEs benefit from public guarantees to help them flourish. "There is a need to develop human capital - technical and vocational training, science and technology training, engineering - and to set up guarantee funds for SMEs and youth and women-owned enterprises," he said. Rwanda has created its own Green Fund, a ground-breaking investment fund that is the largest of its kind in Africa. Ofori-Atta’s counterpart from Rwanda, Dr Uzziel Ndagijimana, pointed out that his country is committed to adapting to climate change and banned the use of plastic bags and non-biodegradable packaging materials in 2008. ![]() African governments should unlock their potential by offering them better education, training, and support. According to Ofori-Atta, young people represent more than 70% of the population. ![]() The sectors concerned are agriculture, solar energy, reforestation, and agricultural processing. "We have put in place a $1 million You Start Programme that will enable us to create one million jobs for youth and women," he said. Ghana’s Minister of Finance, Kenneth Ofori-Atta, Chairman of the African Development Bank’s Board of Governors, elaborated on Ghana’s strategy to create green jobs for youth and women. They shared their experiences on climate change adaptation solutions developed in Africa and the United States by the private sector. The session, held on the last day of the meetings on Friday, brought together participants around the theme of green jobs for youth and women in Africa after Covid-19. This was the message that emerged at a knowledge event held on the sidelines of the African Development Bank Group’s Annual Meetings in Accra. Africa - the main victim of climate change, despite emitting only 3% of greenhouse gases - should turn its climate challenges into opportunities to create green jobs for youth and women.
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